Finance Minister Nirmala Sitharaman on Monday said India should become a major investment hotspot and assured that the reform momentum will continue.

Sitharaman said the government is taking up “several more reform-related steps” towards achieving the goal.

“Reform momentum to continue. Several more reform-related steps being taken up. India should become major investment hotspot, govt has taken steps in that direction,” Sitharaman said while speaking virtually at the National MNCs’ Conference 2020 organised by the Confederation of Indian Industry (CII).

She said the Indian economy is going through a paradigm shift and most business, big and small, are going through a “reset exercise” and added that the government is actively taking steps to aid the “reset” process.

The finance minister said India has turned the crisis created by Covid-19 pandemic into an opportunity to push economic reforms, which remained pending for decades.

The finance minister’s comments come at a time when India is witnessing a recovery in its economy after the disaster triggered by the pandemic.

Several global agencies now say that India will recover faster than it was earlier predicted. The global agencies have also praised the government’s recent Atmanirbhar 3.0 stimulus package for further addressing growth constraints.